From the Eccles Building to Vegas: The Fed Enables the Worst Ponzi Schemes
Ponzi schemes and stock market bubbles aren’t pretty, but they eventually end, tragically…
Continue readingPonzi schemes and stock market bubbles aren’t pretty, but they eventually end, tragically…
Continue readingDesperate times call for desperate measures. Or tyrannical men do tyrannical things when…
Continue readingLas Vegas was built by money from suckers. We can now add…
Continue readingThe best thing Biden could do is nothing and let consumers pay higher prices…
Continue readingThose who see the future believe the metaverse will become a fully functioning economy before we know it, offering digital experiences as…
Continue readingThe beauty of capitalism is the adjustments that entrepreneurs make to use existing capital stock…
Continue readingDon’t blame Charmin…
Continue readingUS car owners are being preyed upon by thieves, because South African mine owners are…
Continue readingWith the country just emerging from lockdown, where’s the crash already?
Continue readingSince 2008, everyone has been on bubble watch. The price of anything goes up, for any sort of reason, and it’s…
Continue readingSince when is forecasting a couple rate bumps two years from now considered hawkish to the point of making the dollar pop and gold flop?
Continue readingChairman Powell can shout from atop his ivory tower that inflation identifies as transitory, but stagflation is…
Continue readingThere will be a day when the Fed, Treasury and SEC stick their long regulatory snouts into crypto. It may not mean the digital party is over, but the…
Continue readingThe monetary world has changed mightily while fashions have changed. Hemlines go up and down, jeans from skinny to boxy. The money…
Continue readingVenezuela’s well-to-do survive and possibly thrive, while the poor starve. And, for Nobel laureates and Fed chairmen that’s just fine. The US has…
Continue readingThe raging housing market made the front page of the Las Vegas Review-Journal three days last week, with headlines like…
Continue readingWhile we’re told there’s a pent-up demand for travel, people’s phones and trading apps will still be close by, begging for…
Continue readingUsing the same logic as shooting a hole in the barn and then painting the target around it…
Continue readingIf zero interest policies and other forms of financial repression were not hard enough on the average person, wait till they’re…
Continue readingThe Fed fiddles while the dollar burns…
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